"Actionable Insights to Fuel Your Growth"
The solar street lighting system is the process of lighting in which the photovoltaic panels are installed on the top of the pole, which helps to store the solar energy. The rising risk of climate change with the use of fossil fuel has implicated to shift towards green sources of energy. Solar street lighting reduces the dependency on conventional energy help to reduce carbon emission and achieve green energy targets. The solar street light is an effective lighting solution in the area which is a deficit in electrification. Solar street lighting is widely used in roadways, streets, yards, parks, airports, etc.
On the basis of product type, the global solar street lighting market is segmented into CFL and LED. The advantages of LED solar lighting is they are more reliable, consume less energy, gives better efficiency in light and lower price which plays a key role to drive the growth of solar street lighting market. On the basis of the connection type, the global solar street light market is segmented into standalone and on grid. Standalone street lightning can be used at locations where grid lines are not reachable. This factor has seen standalone systems to be used more at remote locations and therefore helping the global street light market to grow. On the basis of end-user, the global street light market can be segmented on commercial, residential and industrial. Rapid urbanization along with government subsidies and loans has helped the global solar street light market to grow in the residential sector.
To gain extensive insights into the market, Request for Customization
The major market driver for global solar street light is the increase in energy demand and drift towards a green source of energy. Solar street lights provide the advantage of being installed at locations where electricity supply lines cannot reach. Subsidies and loans provided by the government for the installation of solar street light systems are also the factors driving the global solar street light market.
The factor that is expected to restraint the solar street light market is the high installation cost associated with the solar panels. The seasonal dependency of solar panels particularly in countries like China and India which has a large potential for the solar street light market is also a factor restraining the growth of the global solar street light market.
Some of the major companies that are present in the global solar street lighting market are Philips Lighting Holding B.V, SOKOYO Solar Group, Su-Kam, Dragons Breath Solar, VerySol Inc., Sunna Design, Urja Global Ltd., Bridgelux Inc., Solar Street Lights USA, Sol Inc, Omega Solar, Solektra International LLC, Yingli Solar, and Greenshine New Energy.
By Product Type
By Connection Type
· Grid Connected
By End User
· North America (USA and Canada)
· Europe (UK, Germany, France, Netherlands, Norway, Russia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, Argentina, Venezuela, Chile and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, Nigeria and Rest of Middle East & Africa)
The global solar street light market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The strict carbon emission regulations and government ambitious green energy targets in USA have helped the global solar street light market to flourish in the North America region. In Europe, Germany has the highest contribution in the solar street light owing to advance technology and efficient distribution network. Other countries like Italy, UK, and Spain are also key market players in this region. In Asia Pacific region rapid urbanization, drift towards green energy and government initiatives for solar installations are helping solar street light market to grow. China and India are the key market players in this region. South Africa has been the most successful country in the production of solar energy in the Middle East region.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry